Turn Your Music Playlist Into a Paycheck with Sound.xyz
How Collecting & Curator Rewards is Changing the Game.
GM DOers! 🚀
Pop quiz: What's your go-to app for getting lost in your favorite tunes? Spotify? Apple Music? YouTube? Hold that thought for a moment and check this out: 👇
Now tell us by replying to this email… Which app are you using to jam to your favorite tunes? — We’ll give a 7-day Trial to Web3 Academy PRO to the first 5 people who answer.
Back to the news…
If you've been missing out on the buzz, here's the latest hit: Sound.xyz launched their new app last week! 🎉
We've been jamming with it, and let's just say... It's music to our ears! 🎶
Instead of the typically clunky web3 app UX, we've been pleasantly surprised with the harmonious, user-friendly experience. 🤩
In short, it's a breath of fresh air from your typical web3 jargon and disconnected user-experience.
And there lies the secret sauce: It's about introducing an app that doesn't make you feel like you're getting web3 features forced down your throat. 🔥
But instead, you get to choose to interact with that extra layer of onchain experience that the app offers. 🕺
This is an awesome example of the web3 mullet we’re always talking about.
Allow us to spin this record for you and tell you more about the future of music engagement, song collecting, and the massive opportunity of the curator economy. 🎧🌐
👉 Lens Protocol: The Future of Social Media
Decentralized social media finally allows creators to own their content, data and followers. That’s why we choose to build part of our media platform on Lens Protocol.
Sound.xyz App: Your Familiar Web2 App with Web3 Power
OK, so here's the deal. We downloaded the Sound.xyz app half expecting to navigate a digital maze of cryptic symbols and blocky designs – you know, the usual Web3 charm. 😅
But whoa! Sound gave us quite a pleasant surprise! Here's what features we discovered within the app:
🎶 Recent Drops: Keep your fingers on the pulse of the freshest beats being dropped by artists you love. It's like a hot-off-the-press music newsletter, right in your pocket.
📚 Curated Playlists: More of a 'go with the flow' music lover? Check out what other collectors are jamming to. It's like a virtual, crowd-sourced record store. No need for physical flipping – just scroll and tap!
Okay… If you’re like: Jay, wtf… “This is exactly like any other music app out there. Nothing’s different here…”
Then you’d be spot on. The pleasant note about this app is how it's so... familiar, in a good way. It doesn't slam you with web3 concepts like an overly caffeinated DJ. 🎧
Instead, it invites you to an inclusive music experience that doesn't discriminate between web2 and web3 users. 🌍🌐
And here's where the Sound.xyz app gets encore-worthy: In addition to all the web2 vibes, it introduces you to a whole new experience - collecting songs and visualizing what other users are minting.
Just a little FYI, though – you can't actually mint songs within the app itself. To add a new track to your collection, you need to head to the browser version of Sound.xyz.
But don't worry! Once minted, your new acquisition will shine in all its glory within the app. 🏆
With that said, let's dive a bit deeper into this 'collecting' feature. It's about to change the rhythm of our musical interactions.
Are you or your brand looking to reach an engaged audience of 30,000+ early tech adopters?
You’re in luck. A sponsorship slot just opened up and you can now partner with us to speak to fellow creators, builders, founders, and investors, all committed to capitalize on the web3 opportunity.
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Collect: A Redefining Feature for Engagement
The internet has been synonymous with a trio of interactions: liking, commenting, and sharing.
Well, it's time to make room for a new form of engagement because now we can collect posts, songs, and newsletters.
It's like Pokemon, but with content.
If this newsletter were a collectible, I’d ask you to collect it, but it’s not. So please just leave a like to let us know you enjoy it 😀
We've seen and used the collect feature on Lens, and now, the same is making an encore on Sound. 👀
It’s also a main feature on Web3 newsletter platforms like Paragraph, which we got into the nitty-gritty about on Monday. Check that out here.
Now, let's get into the why. Why collect when you can just like or share? Here's the setlist of benefits:
In the traditional music industry, artists have to rely on complex revenue models and intermediaries to get paid.
With the 'collect' feature, artists can directly monetize their songs by putting them up for collection. 💰
Fans, in turn, pay to collect these songs, creating a direct line of support from listener to artist. ↔️
Snoop Dogg is already capitalizing on this opportunity by being on Sound.XYZ 💸
In the world of streaming, we've lost the sense of owning music. 🤷
Sure, you can save a song to your playlist, but it doesn't really belong to you.
But when you collect a song on Sound.xyz, you're claiming true digital ownership of that piece.
It's like holding a unique vinyl record in the realm of bits and bytes. 💽
And this brings us into the 3rd (and most important) benefit ⬇️
Self-custody: Ah, the sweet freedom of web3!
Collecting a song means you get to self-custody it in your web3 wallet. 💳
This isn't just a digital storage box, it enables the artist to create a variety of onchain experiences, exclusive to those owning certain songs or a certain amount of songs.
And even if the artist decides not to create further utility for collectors, you can simply make the song part of your digital identity by just holding it in your wallet, which essentially acts as your identity.
It’s like owning a Web3 Academy PRO Pass that unlocks early access and discounts to other web3 protocols. Welcome to the interlinked future! 🔗
If you want your own Web3 Academy PRO Pass, go PRO here and claim yours!
Now, if you're starting to feel like this 'collect' feature is about to be the next big thing, you're right on beat. 🎶
Expect to see this feature expanding everywhere. We're talking social media platforms, podcast platforms, newsletter platforms – the whole shebang.
It's the dawn of a new era in digital content interaction and Sound.xyz is leading the charge, turning up the volume on how we engage with content online. 🔊
So… How can you capitalize on the opportunity here? Keep scrolling to find out 👇
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PRO Advice For Builders and Investors
When we give PRO advice each week we typically ask ourselves 1 question. How can you capitalize on the opportunity?
Well, we see a big opportunity for content curators so I’ll briefly touch on the curator economy. ⏬